A plan starts with the setting of objectives and then makes efforts to realise them by developing policies, procedures, strategies, etc. 1. Plans are formulated by taking to factors of change and may require the Bottom-Up Approach: Initiatives in formulating strategy are taken by the various units or divisions of an organization … That is planning is done at all levels of .management. Also subordinate participation generally ensures the sincere and serious effort on their part to make the plan successful. Nature or Characteristics of Planning. Planning is a process that has to necessarily adapt to changing times. It is concerning with deciding in advance what is to do, when, where, how and by whom it is to do. It is most basic management function. Also, the importance of planning in management, Explain are the Features, Nature, Characteristics of Planning! Arthur A. Thompson and A. J. Strickland have described four basic approaches to formal strategic planning: 1. Good Planning: Characteristics # 9. Nature and Characteristics of Management . It involves logical thinking and rational decision making. The following are the important characteristics of planning: 1. Subordinates will not be responsible if a plan is imposed upon them. Characteristics of Planning. 2. Primary of Planning – The functions of management include planning, organizing, staffing, directing and controlling. Characteristics of Planning Planning unlike the other functions of management is more of an intellectual process. Planning is nothing but thinking before the action takes place.It helps us to take a peep into the future and decide in advance the way to deal with the situations, which we are going to encounter in future. All other processes draw their intellectual backing or logical backing from the plans formulated. For example, top managers plan for the organisation as a whole, while middle level managers propose departmental plans and lower level manager formulate day-to-day operational planes. It is an intellectual process. Planning should not be an exclusive responsibility of top management. Unity: Essentially a decision-making process: Planning is essentially a decision-making process, since it involves careful analysis of various alternative courses of action and choosing the best. Focus on objectives. The Essential nature or characteristics of planning can be highlighted by the following points. However, the nature and scope of planning is different at different organisations and level of management. Management professionals are the need of the hour for corporate companies to manage the dynamic environment that poses very many challeneges. Management as a Group Chief executive (managing director), Departmental heads; Supervisors make up the management group. 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